S&P Revises Outlook ; Raises Price Target for its Benchmark Index to 1270

Standard & Poor’s raised on Thursday the price target for its benchmark index S&P 500 (SPX) to 1270 from an earlier projection of 1215. According to the firm, the index should hit the new target by the end of 2010. The firm in its analysis noted however, that stocks are overdue for a 10% [...]